by [U.S. G.P.O., Supt. of Docs., Congressional Sales Office, distributor] .
Written in English
|The Physical Object|
|Number of Pages||43|
Get this from a library! Improving insurance for consumers: increasing uniformity and efficiency in insurance regulation: hearing before Subcommittee on Finance and Hazardous Materials of the Committee on Commerce, House of Representatives, One Hundred Sixth Congress, second session, J [United States. Congress. House. Committee on Commerce. The National Association of Insurance Commissioners (NAIC) is the oldest association of state government officials. Its members consist of the chief insurance regulators in all 50 states, the District of Columbia and five U.S. territories. The primary responsibility of the state regulators is to protect the interests of insurance consumers. More insurance trends and insights. Explore Deloitte’s Insurance Outlook for insight on why insurers’ success depends on the ability to integrate technology, talent, and business-model innovation into legacy environments.; Understand how new insurance technology and regulatory technology are enabling transformative shifts in insurance compliance in our insurance regulation and. social and economic conditions. State regulation has proven that it effectively protects consumers and ensures that promises made by insurers are kept. Insurance regulation is structured around several key functions, including company licensing, producer licensing, product regulation, market conduct, financial regulation and consumer services.
for transformation. Insurance companies that understand the truly compelling need for this transformation, and that take advantage of the tools available today to increase operational efficiency and improve critical insurance processes, will be leaders in the industry for years to come. insurance for low-income consumers has evolved differently across geographies — from % growth between and in Africa to a steady evolution in India and other Asian economies. India has the largest share of low-income consumers with insurance — the result of strong regulation and government schemes, especially in health insurance. State Government Agency, Understand your insurance policy, File a complaint or appeal with your insurance company, Identify enrollment opportunities for health insurance coverage, Locate a lost life insurance policy, Find contact information for an insurance company, Report suspected insurance fraud, Check the license status of an insurance agent or insurance company, Regulate the Insurance. Governments’ attention is increasing around the world on the critical need to empower consumers through financial education. As governments launch new initiatives to improve their population’s financial skills, demand has grown for research to guide the development of these initiatives as well as tools to improve their impact and Size: KB.
The mission of the Ohio Department of Insurance is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers. Popular Resources. Emerging Products Toolkit. Learn about Ohio’s initiative to help insurers get emerging products to market that serve the. Health Care Insurance Markets: Government mandates often reduce choice and competition in insurance markets and increase overall premiums. In the individual and small group markets, many consumers face limited coverage options that cover services they do not want or need and that drive up premiums, while others have been completelyFile Size: 2MB. Monopoly Insurance is the only company marketing a certain line of insurance in a state. After complaints from several consumers, the State Insurance Department investigated Monopoly's rates. The regulators determined that Monopoly was taking advantage of being the only insurer offering the line by charging more than double the actuarial cost. A distribution channel is the means through which a company gets its products to consumers. Channels can be direct or indirect—the latter being more costly because it .